Guideline Value for Thayagarajan Street / Hindustan Lever Colony

Thayagarajan Street / Hindustan Lever Colony guideline value

The current guideline value of Thayagarajan Street / Hindustan Lever Colony is Rs 2,530 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - I.

How the guideline value of Thayagarajan Street / Hindustan Lever Colony has changed

The guideline value for Thayagarajan Street / Hindustan Lever Colony has seen significant changes over the years. In 2002, the guideline value was Rs 163 per sq.ft. This increased to Rs 185 per sq.ft in 2003, marking a rise of 13%. By 2007, the value reached Rs 370 per sq.ft, which was a 100% increase from the previous revision. The most recent revision in 2024 set the guideline value at Rs 2,530 per sq.ft, reflecting a substantial increase of 584% from 2007.

Overall, from 2002 to 2024, the guideline value has risen by an impressive 1452%. It is important to note that the register has no figures for the years 2012, 2017, and 2023 for this street.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft. The median value among these streets is Rs 2,090 per sq.ft, placing Thayagarajan Street / Hindustan Lever Colony above this median.

• Thanthai Periyar Street, Dr.Ambedhar Nagar: Rs 1,980 per sq.ft (2024)
• Thangayya Street / Ganapathy Nagar: Rs 1,760 per sq.ft (2024)
• Thangavel Street / Gandhi Nagar: Rs 2,475 per sq.ft (2024)
• Thangavasanammal Street / Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Thangaran Street, Cholavaram Nagar: Rs 1,980 per sq.ft (2024)
• Thangaraj Street / Sholavaram Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Thayagarajan Street / Hindustan Lever Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would amount to Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, bringing the total cost for these fees to Rs 2,27,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thayagarajan Street / Hindustan Lever Colony?

The Sub Registrar Office that covers Thayagarajan Street / Hindustan Lever Colony is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Pammal

The guideline value plays a crucial role in the registration process when buying or selling property in Pammal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers need to be aware of the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Thayagarajan Street / Hindustan Lever Colony?

The current guideline value of Thayagarajan Street / Hindustan Lever Colony is Rs 2,530 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2002?

Since 2002, the guideline value has increased from Rs 163 per sq.ft to Rs 2,530 per sq.ft in 2024, which is an overall increase of 1452%.

What were the guideline values in previous revisions?

The guideline values for Thayagarajan Street / Hindustan Lever Colony were Rs 163 per sq.ft in 2002, Rs 185 per sq.ft in 2003, and Rs 370 per sq.ft in 2007. There are no figures available for the years 2012, 2017, and 2023.

How does the guideline value compare to other streets in Pammal?

The guideline value of Rs 2,530 per sq.ft for Thayagarajan Street / Hindustan Lever Colony is above the median value of Rs 2,090 per sq.ft for the 926 streets in Pammal under the Pammal SRO.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more information about it through the provided link.